On the surface, locking your money away for two years may not seem like the best financial decision. Not only will you lose access to funding that you may need in an emergency, but you'll also lose the flexibility to transfer those funds in and out of investments as you see fit. But the economic climate of 2025 is a unique one, with dwindling but stubborn inflation and an unpredictable interest rate climate in which rates could fall or stagnate over the next 12 months.
Against this backdrop, then, securing your money for 24 months may make more sense.One of the better ways to do so is via a certificate of deposit (CD) account. CD interest rates are fixed, allowing savers to have peace of mind in an otherwise unpredictable rate climate. And those rates are still elevated, even with the Federal Reserve issuing a series of rate cuts in the final months of 2024. So, if you're looking for a secure way to grow your money and want to do so over an extended period, a 2-year CD could be the smart move right now. Below, we'll explain why.See how much more you could be earning on your money with a top CD here.Is a 2-year CD still worth opening?Here are three reasons why a 2-year CD can still be worth opening for many savers:Rates are still relatively highSure, CD rates overall aren't as high as they were when inflation was surging and interest rates were at their highest point in decades. But they're still very competitive. With a top 2-year CD, you can potentially earn a rate of 4.25% right now. That's more than $4 earned for every $100 deposited, simply by moving some of your funds into this particular CD term. And with inflation rising in both October and November 2024 and interest rate cuts seemingly on pause, rates on this particular CD account are likely to remain high for a bit longer. Just don't wait for them to rise any further, as you could miss out on today's earning potential while readily available.Get started with a 2-year CD here no
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